00256 - Political Economy

Course Unit Page


This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.

Quality education Gender equality Decent work and economic growth Reduced inequalities

Academic Year 2019/2020

Learning outcomes

The course aims to provide students with a thorough understanding of the basic main micro- and macro-economic principles.

Course contents

The course is intended for beginning students and offers an introduction to microeconomics and macroeconomics. The part dealing with microeconomics focuses on the theory of demand and supply, the determination of market equilibrium, and the economic analysis of consumers' and firms’ behavior. It continues with the discussion of some causes of market failure, including externalities, public goods and informational asymmetries. Finally, it will offer an overview of the theory of the market. The part dealing with macroeconomics gives an overview of the behavior of economic aggregates, including topics such as national income, savings, investments, labor markets, international trade. Specifically, this part of the program studies some data of macroeconomics, the real economy in the long run, money and prices in the long run, the macroeconomics of open economies, short-run economic fluctuations, international finance.


Mankiw, N. G. - Taylor, M.P. ( 2018), PRINCIPI DI ECONOMIA, Bologna: Zanichelli, VII ed.

Teaching methods

Lectures. Class discussions.

Case studies. Classroom experiments.

Assessment methods

Final written exam

Teaching tools

Other teaching material, including slides used during the lectures and papers on specific topics, will be made available to students through the iol system.

Elaborations on observational data available on: http://www.core-econ.org/doing-economics

Classroom experiments based on the on line platform: https://economics-games.com/

Office hours

See the website of Enrico Santarelli

See the website of Rossella Verzulli